Section 39.15.090. Proceedings for release of sureties.

Latest version.

A surety desiring to be released from liability on a bond shall file with the Department of Administration a statement in writing, signed by the surety or someone on the surety's behalf, setting out the name of the principal and the office, position, or appointment of the principal, the amount for which the surety is liable, and the surety's desire to be released from further liability.  A notice containing a copy of the statement shall be served personally on the officer or employee.  If the officer or employee is not in the state, the notice may be served by publication for 30 days in a newspaper printed at the capital.

Authorities

39.15.080

Notes

References

AS 39.15.080 Release of sureties.

History

(Sec. 11-2-9 ACLA 1949)

                    
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